Raiffeisen banking model

The Raiffeisen banking model is a cooperative banking system where local communities or groups own and control the bank. Members pool their funds to provide financial services like loans and savings, emphasizing mutual support and local development. This model promotes financial inclusion, transparency, and community engagement, ensuring that profits benefit members and the community rather than external shareholders. It operates on principles of solidarity and democratic governance, allowing members to have a say in how the bank is run, fostering trust and stability within the local economy.